Statistics. You can lie with them. You can use them to prove almost anything. While they can be useful, they can also be confusing and used to manipulate. When it comes to the real estate market, there’s not shortage of statistics, so I thought it would be fun + helpful to start sharing some useful statistics with you all to take into consideration if you are in the process of buying or selling your home. So never fear, Jenn is here to decode and de mystify some common real estate stats, starting with Boulder.
* in the past year the prices for home sales in Boulder have risen 6.8%
* in the past year the prices for 1 or 2 bedroom homes in Boulder have either showed no change or fallen 12% in the case of 1 bedrooms
* the 3 bedroom homes showed the largest increase at 3% in the last year
So what does this mean? In a nutshell it means that home prices are still on the rise in Boulder, but the rate at which they are rising has slowed a little. (until recently, home prices were rising at about 10% each year). It also means that there could be good and better options for buyers looking for condos, apartments, and smaller homes while those categories of homes are experiencing a dip in price. It means that while pricing is relative, the market is stabilizing on some level in Boulder.